https://fortune.com/2023/07/20/demand-for-urban-real-estate-will-be-challenged-for-the-rest-of-the-decade-heres-how-the-worlds-superstar-cities-are-projected-to-fare/
This is exactly why companies are calling everyone back to the office. They made bad real estate investments and have buildings sitting empty, thus these assets are devalued. But employees shouldn’t bear the burden of revitalizing our cities and surrounding businesses. Instead of accepting that our companies are looking backwards, let’s challenge all these companies (that have banded together to force RTO) into a new way of thinking. Why not turn these bad leases into opportunities to create small, walkable urban centers where people work, live and play?